My name is Bipasa, and I'm reaching out from Intellectt Inc. regarding an exciting opportunity for a Should Costing Engineer based in Foster City, CA
Job Summary
We are seeking an experienced Should Costing Engineer with a strong background in mechanical and electrical component costing, manufacturing processes, and cost optimization. The ideal candidate will develop should-cost models, analyze product designs, identify cost-reduction opportunities, and support engineering and procurement teams in achieving cost-effective product designs and supplier negotiations.
Job Title: Should Costing Engineer
Location: Foster City, CA
Key Responsibilities
- Partner with design and engineering teams to optimize product designs for functionality, manufacturability, and minimum cost.
- Apply Design for Manufacturing (DFM) and Design for Assembly (DFA) methodologies to evaluate designs and recommend improvements.
- Support Design-to-Target cost planning during early product development.
- Develop should-cost estimates and cost models for mechanical components, including castings, stamped parts, extrusions, and injection-molded components.
- Analyze electrical components, including wire harnesses, PCBs, PCB assemblies, DC motors, and batteries.
- Interpret CAD models, engineering drawings, electrical schematics, and sample parts to determine accurate component costs.
- Prepare detailed should-cost analysis reports to support procurement and supplier negotiations.
- Conduct competitive benchmarking, product teardown analysis, and manufacturing cost assessments.
- Participate in Value Analysis/Value Engineering (VA/VE) initiatives to identify cost-saving opportunities for existing products.
- Track product costs, evaluate cost risks and opportunities, and present monthly updates to management.
- Maintain cost models, product cost reports, and cost-tracking documentation for cross-functional teams.
Required Qualifications
- Bachelor's degree in Mechanical, Manufacturing, Industrial, or Electrical Engineering.
- 7 10 years of relevant industry experience in should-costing, product costing, manufacturing cost analysis, or cost engineering.
- Hands-on experience with BDI (Boothroyd Dewhurst), aPriori, or similar should-costing software.
- Strong ability to read and interpret manufacturing drawings, engineering specifications, and CAD models.
- Working knowledge of Bill of Materials (BOM) structure, development, and application.
- Practical experience with Value Analysis/Value Engineering (VA/VE) and cost-reduction methodologies.
- Understanding of 3D CAD software; Creo experience is preferred.
- Strong analytical, financial, and cost-estimation skills.
- Proficiency in Microsoft Office, particularly Excel.
- Willingness to travel up to 10% as required.
Bipasa Swain
Sourcing Specialist
7329976610 | Ext: 300
bipasa.s@intellectt.com